Indian equity markets moved to a positive trajectory, starting the new week and new month. At close, the BSE Sensex ended 750 points higher at 49,849 while the NSE Nifty 50 gained 232 points to end at 14,761. All constituents on the Nifty 50 index, barring Bharti Airtel closed higher.
Power Grid, ONGC, UltraTech Cement, Asian Paints, and Titan Company, up between 3 percent and 6 percent, were the top gainers on the BSE. On the downside, only Bharti Airtel, down 4.5 percent, ended the day in the red. Notably, Auto, Cement and PSU stocks were among the top performers in today's session.
All sectoral indices barring the PSU Bank index ended with gains in today's session. The Nifty Media index was the top sectoral gainer, ending 4.3 percent higher, courtesy gains seen in Zee Entertainment.
The Nifty Auto index was the other major sectoral gainer, ending 2.4 percent higher, while the Nifty Metal index ended with gains of close to 2 percent. Nifty Pharma and the Nifty Bank index gained 1.4 percent each while the FMCG and I.T. indices saw gains of 1 percent each. The PSU Bank index was the only sectoral laggard, ending 0.4 percent lower.
Broader markets outperformed the benchmarks in today's session. The Nifty Midcap index ended 1.8 percent higher while the Smallcap index gained 2.1 percent at the close of trading.
SBI offers interest concession on home loans rates, offer valid till 31st March
Price of fuel remains stable for second consecutive day, know rates in your city
SDCL inks pacts for maritime projects worth Rs 11,870 cr